Industrials REIT acquires four multi-let estates for £21 million

LONDON, UK: Industrials REIT, the UK multi-let industrial (MLI) property company, has acquired four multi-let industrial estates, in Boston, Barnsley, Leeds and Stockton on Tees, for a total consideration of £20.86 million. The purchase price reflects a blended net initial yield (“NIY”) of 5.7% and an average capital value of £80 per sq ft. Totalling…